Followers | 6 |
Posts | 1387 |
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Alias Born | 10/08/2009 |
Saturday, January 07, 2023 3:20:36 PM
I think this stock will drop about 20% per year out of boredom, with sudden increases or drops in between for good or bad news. If nothing happens - a slow grind to single digit pennies. More likely it'll bounce around but still decline every year.
The shares might be worth from $5 to $200, but the odds of even $5 are probably 2 in 100. That sets the long-term no-news value at a dime per common share.
Preferred are similar, except their ultimate value is locked in at $25 for most, giving them a value of $.50.
I own this because I like the 50:1 payout potential. Even better than the roulette wheel.
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